SmartMetric Leading Biometric Fingerprint Activated Credit Card Is Protected By Issued Patents Providing a Virtual Monopoly in the United States on Biometric Credit Cards

SmartMetric, Inc. (OTC: SMME): The founder of SmartMetric, Chaya Hendrick, has licensed material patents to SmartMetric that cover cards with a chip such as credit cards that also have a fingerprint sensor. These multiple patents cover all possible variations of where a fingerprint sensor can be placed on a card with a chip. One example of the many such patents issued is presented in this release.

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The ornamental design for a smart card with a chip and a fingerprint sensor, as shown and described. SMART CARD WITH A CHIP AND A FINGERPRINT SENSOR Issued Patent Number: US D996,431 S (Graphic: Business Wire)

“In effect we have issued patents that cover any way you would place a fingerprint sensor on any card the size and shape of a credit card that has a chip. All possible sensor positions have been patented for instance at the end of the card, top right or bottom right or card middle or close to the cards chip," said SmartMetric’s President & CEO, Chaya Hendrick.

“What these issued patents mean for SmartMetric is that is has a lock on biometric credit cards stopping copycats from releasing biometric credit, debit or similar smart cards," said Hendrick.

As we move forward with major banks now preparing to issue biometric fingerprint activated credit cards, SmartMetric is well positioned to dominate exclusively this market particularly in the biggest credit card market in the world, the United States according to SmartMetric.

Biometric Card Market Analysis by Mordor Intelligence - The Global Biometric Card Market size is expected to grow from USD 0.17 billion in 2023 to USD 8.45 billion by 2028, at a CAGR of 117.76% during the forecast period (2023-2028). Increasing demand for biometric authentication systems across various end-users, including banking, retail, gaming, and security, is expected to support the growth of the studied market during the forecast period.¹

Founder and inventor Chaya Hendrick has increased the patent protection for the advanced premium biometric card with new international filings both in the United States and internationally.

“Of particular importance is the company's design patents that protect against copycats who would want to copy the physical design features of the biometric card. Patent protection has been filed in most global markets in Europe, Asia and the Americas. Enforcement of design patents are swift and effective, allowing the patent holder to obtain an injunction against offending companies without having to spend years in a Federal Court," said Hendrick.